DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Organophosphate Pesticides Market- Growth, Trends and Forecasts (2016 - 2021)" report to their offering.
The global organophosphate pesticide market has been estimated at USD 6.36 Billion in 2015 and is projected to reach USD 8.78 Billion by 2021, at a CAGR of 5.5% during the forecast period from 2016 to 2021. Organophosphate is the general name of esters of phosphoric acid. Organophosphate group of chemicals have many domestic and industrial uses, though they are most commonly used as insecticides.
Organophosphate pesticides market is driven by the need to increase crop yield and efficiency. The world's population is growing, but the farmlands have been decreasing pushing farmers to increase their yields. New farming practices are adopted by farmers all over the world to increase crop yields. These factors coupled with high performance and availability of organophosphates against insects and pests have led a continuous market growth for the industry. Product development, sustainable farming options and growing demand from developing regions are identified as the opportunity segments for the industry's future growth.
However, the toxicity of chemicals towards environment leads to regulatory issues in many regions. High research and development costs and a girth of alternative options may act as obstacles for market growth.
The rising disposable income levels, rising population and food security have made Asia-pacific, the region with maximum potential for growth. The emerging economies including China, India, Vietnam and Thailand are the major consumers of organophosphate pesticide for application in various cereal and grain crops.
- Cheminova AS
- Bayer Cropscience AG
- BASF SE
- Dow AgroSciences
- Yara International
- Sociedad QuÃmica Y Minera S.A.
- The Mosaic Company
- SinoHarvest Corporation
- United Phosphorus
- Sumitomo Chemical
- Arysta Lifescience
Key Topics Covered:
2. Research Approach & Methodology
3. Key Findings of the Study
4. Market Overview
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/4z5cn7/global